NBA & Business Empire
Magic Johnson
Estimated Net Worth
$620 Million
Quick Facts
- Full Name Earvin Johnson Jr.
- Born August 14, 1959
- Nationality American
- Primary Sources Magic Johnson Enterprises, Real Estate, Sports Ownership
Biography
Magic Johnson is a legendary NBA point guard who won five championships with the Los Angeles Lakers and became one of the most successful athlete-entrepreneurs in history. After his playing career, he built a business empire focusing on urban development, entertainment, and investments, becoming one of the wealthiest former athletes through strategic partnerships and community-focused business ventures.
Sources of Wealth
Magic Johnson Enterprises
~$400 Million
His investment company focused on urban development, including partnerships with Starbucks, movie theaters, and retail developments in underserved communities, plus various business acquisitions.
Sports Team Ownership
~$150 Million
Ownership stakes in professional sports teams, including the Los Angeles Lakers (NBA), Los Angeles FC (MLS), and previously the Los Angeles Dodgers (MLB).
Real Estate & Other Investments
~$70 Million
Extensive real estate portfolio, private equity investments, and strategic stakes in various entertainment and media companies, plus NBA career earnings and endorsements.